Invesco Physical Palladium (SPAP.L)
The investment seeks to replicate as closely as possible, before fees and expenses, the performance of the spot palladium price through certificates collateralised with physical palladium. Each Palladium P-ETC is a certificate which is secured by physical palladium held in J.P. Morgan Chase Bank's London vaults.
ETF Info
| ISIN | IE00B4LJS984 |
|---|---|
| WKN | A1KX37 |
| Issuer | Invesco |
| Inception Date | Apr 13, 2011 |
| Category | Precious Metals |
| Index Tracked | Palladium |
| Domicile | Ireland |
| Distribution Policy | Accumulating |
| Asset Class | Commodity |
Expense Ratio
SPAP.L features an expense ratio of 0.19%, falling within the medium range.
Share Price Chart
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Popular comparisons: SPAP.L vs. VTI
Performance
Performance Chart
The chart shows the growth of an initial investment of £10,000 in Invesco Physical Palladium, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Physical Palladium had a return of -9.16% year-to-date (YTD) and -33.85% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -9.16% | 11.29% |
| 1 month | -3.84% | 4.87% |
| 6 months | -5.19% | 17.88% |
| 1 year | -33.85% | 29.16% |
| 5 years (annualized) | -5.31% | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of SPAP.L, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -11.10% | -4.98% | 7.87% | -5.47% | -9.16% | ||||||||
| 2023 | -10.09% | -12.58% | 1.82% | 1.25% | -8.47% | -11.14% | 1.31% | -2.85% | 6.50% | -10.50% | -12.74% | 9.09% | -41.14% |
| 2022 | 19.40% | 3.27% | -5.36% | 4.02% | -13.11% | -1.29% | 12.83% | 1.54% | 10.80% | -18.83% | -2.07% | -5.22% | -0.43% |
| 2021 | -7.31% | 3.00% | 13.92% | 13.02% | -7.30% | -0.01% | -4.41% | -5.49% | -21.43% | 1.08% | -8.42% | 13.84% | -14.77% |
| 2020 | 19.14% | 16.57% | -3.82% | -19.27% | -1.12% | -0.35% | 4.40% | 0.75% | 11.12% | -5.24% | 3.26% | -1.59% | 19.57% |
| 2019 | 6.16% | 11.22% | -8.80% | -0.36% | -0.16% | 15.56% | 3.03% | 0.71% | 6.66% | 2.46% | 2.12% | 2.81% | 47.38% |
| 2018 | -7.29% | 3.19% | -10.38% | 3.25% | 6.81% | -3.08% | -1.52% | 5.32% | 11.01% | 1.72% | 8.62% | 6.85% | 24.58% |
| 2017 | 9.09% | 4.26% | 2.00% | 0.43% | -0.94% | 1.75% | 5.16% | 6.70% | -3.40% | 5.51% | 1.18% | 5.01% | 42.70% |
| 2016 | -3.85% | 0.66% | 11.37% | 8.86% | -14.25% | 20.37% | 20.27% | -4.76% | 8.54% | -9.68% | 22.49% | -10.65% | 48.85% |
| 2015 | 0.16% | 2.32% | -6.49% | 1.80% | 1.25% | -16.45% | -8.12% | -3.26% | 14.74% | 0.56% | -17.76% | 2.08% | -28.95% |
| 2014 | 4.92% | 5.06% | -12.58% | 3.40% | 4.84% | -0.56% | 3.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPAP.L is 2, indicating that it is in the bottom 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SPAP.L (Invesco Physical Palladium)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Physical Palladium (SPAP.L) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Physical Palladium. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Physical Palladium was 70.68%, occurring on Feb 13, 2024. The portfolio has not yet recovered.
The current Invesco Physical Palladium drawdown is 65.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.68% | Mar 10, 2022 | 485 | Feb 13, 2024 | — | — | — |
| -45.3% | Feb 28, 2020 | 448 | Dec 15, 2021 | 53 | Mar 4, 2022 | 501 |
| -40.67% | Sep 9, 2014 | 340 | Jan 12, 2016 | 147 | Aug 10, 2016 | 487 |
| -21.59% | Jan 10, 2018 | 61 | Apr 6, 2018 | 121 | Sep 27, 2018 | 182 |
| -19.05% | Mar 22, 2019 | 32 | May 9, 2019 | 36 | Jul 1, 2019 | 68 |
Volatility
Volatility Chart
The current Invesco Physical Palladium volatility is 8.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.